Altone Park Shopping Centre

Altone Park Shopping Centre is located in an inner suburb 15km north-east of Perth CBD. The centre underwent a major asset enhancement and refurbishment programme, which was completed in the fourth quarter of 2020. The upgraded retail centre is anchored by two supermarkets – a full-line Woolworths and a new ALDI – and complemented by 25 specialty retailers, as well as a free-standing Tavern and McDonalds on pad sites. The completion of these AEI works realizes the value-add strategy of the fund, improves the WALE to 8 years from 2.6 previously and substantially increases rental income and valuation.
Property Neighbourhood shopping centre
NLA 8,116sqm, 418 car parks
Location 161 Altone Road, Beechbo, WA, Australia
Tenants Woolworths, ALDI
Strategy Value Add managed to Core